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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Globalstar, Inc. (GSAT). Click either name above to swap in a different company.
BRANDYWINE REALTY TRUST is the larger business by last-quarter revenue ($127.0M vs $72.0M, roughly 1.8× Globalstar, Inc.). Globalstar, Inc. runs the higher net margin — -16.1% vs -38.4%, a 22.3% gap on every dollar of revenue. On growth, Globalstar, Inc. posted the faster year-over-year revenue change (17.6% vs 4.5%). Over the past eight quarters, Globalstar, Inc.'s revenue compounded faster (12.9% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
Globalstar, Inc. is an American telecommunications company that operates a satellite constellation in low Earth orbit (LEO) for satellite phone, low-speed data transmission and Earth observation. The Globalstar second-generation constellation consists of 25 satellites.
BDN vs GSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $72.0M |
| Net Profit | $-48.8M | $-11.6M |
| Gross Margin | — | — |
| Operating Margin | 1.2% | -0.5% |
| Net Margin | -38.4% | -16.1% |
| Revenue YoY | 4.5% | 17.6% |
| Net Profit YoY | -80.4% | 76.9% |
| EPS (diluted) | $-0.28 | $-0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $72.0M | ||
| Q3 25 | $121.4M | $73.8M | ||
| Q2 25 | $120.6M | $67.1M | ||
| Q1 25 | $121.5M | $60.0M | ||
| Q4 24 | $121.9M | $61.2M | ||
| Q3 24 | $131.8M | $72.3M | ||
| Q2 24 | $125.3M | $60.4M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-11.6M | ||
| Q3 25 | $-25.9M | $1.1M | ||
| Q2 25 | $-88.7M | $19.2M | ||
| Q1 25 | $-27.0M | $-17.3M | ||
| Q4 24 | $-44.5M | $-50.2M | ||
| Q3 24 | $-165.2M | $9.9M | ||
| Q2 24 | $30.2M | $-9.7M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | — | ||
| Q3 25 | 62.6% | — | ||
| Q2 25 | 62.4% | — | ||
| Q1 25 | 60.8% | — | ||
| Q4 24 | 61.2% | — | ||
| Q3 24 | 64.9% | — | ||
| Q2 24 | 63.1% | — |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | -0.5% | ||
| Q3 25 | 20.8% | 13.8% | ||
| Q2 25 | -34.3% | 9.2% | ||
| Q1 25 | 12.5% | -14.2% | ||
| Q4 24 | 18.0% | -6.9% | ||
| Q3 24 | -7.2% | 13.0% | ||
| Q2 24 | 15.5% | -2.4% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -16.1% | ||
| Q3 25 | -21.3% | 1.5% | ||
| Q2 25 | -73.5% | 28.6% | ||
| Q1 25 | -22.2% | -28.9% | ||
| Q4 24 | -36.5% | -82.1% | ||
| Q3 24 | -125.4% | 13.7% | ||
| Q2 24 | 24.1% | -16.0% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $-0.11 | ||
| Q3 25 | $-0.15 | $-0.01 | ||
| Q2 25 | $-0.51 | $0.13 | ||
| Q1 25 | $-0.16 | $-0.16 | ||
| Q4 24 | $-0.25 | $-0.57 | ||
| Q3 24 | $-0.96 | $0.00 | ||
| Q2 24 | $0.17 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $447.5M |
| Total DebtLower is stronger | — | $483.8M |
| Stockholders' EquityBook value | — | $355.7M |
| Total Assets | $3.6B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.36× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $447.5M | ||
| Q3 25 | $75.5M | $346.3M | ||
| Q2 25 | $122.6M | $308.2M | ||
| Q1 25 | $29.4M | $241.4M | ||
| Q4 24 | $90.2M | $391.2M | ||
| Q3 24 | $36.5M | $51.9M | ||
| Q2 24 | $30.4M | $64.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $483.8M | ||
| Q3 25 | $2.3B | $508.6M | ||
| Q2 25 | $2.3B | $491.5M | ||
| Q1 25 | $2.2B | $502.7M | ||
| Q4 24 | $2.2B | $511.4M | ||
| Q3 24 | $2.3B | $394.4M | ||
| Q2 24 | $2.2B | $393.1M |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $355.7M | ||
| Q3 25 | $841.5M | $364.8M | ||
| Q2 25 | $879.8M | $360.9M | ||
| Q1 25 | $993.6M | $344.3M | ||
| Q4 24 | $1.0B | $358.9M | ||
| Q3 24 | $1.1B | $394.1M | ||
| Q2 24 | $1.3B | $383.0M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $2.3B | ||
| Q3 25 | $3.3B | $2.2B | ||
| Q2 25 | $3.4B | $1.9B | ||
| Q1 25 | $3.4B | $1.7B | ||
| Q4 24 | $3.5B | $1.7B | ||
| Q3 24 | $3.6B | $917.6M | ||
| Q2 24 | $3.8B | $926.2M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | 1.36× | ||
| Q3 25 | 2.70× | 1.39× | ||
| Q2 25 | 2.63× | 1.36× | ||
| Q1 25 | 2.23× | 1.46× | ||
| Q4 24 | 2.13× | 1.43× | ||
| Q3 24 | 2.06× | 1.00× | ||
| Q2 24 | 1.73× | 1.03× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $175.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $175.9M | ||
| Q3 25 | $47.5M | $236.0M | ||
| Q2 25 | $34.4M | $157.9M | ||
| Q1 25 | $6.3M | $51.9M | ||
| Q4 24 | $181.1M | $340.7M | ||
| Q3 24 | $52.2M | $32.0M | ||
| Q2 24 | $48.2M | $36.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 216.53× | ||
| Q2 25 | — | 8.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.23× | ||
| Q2 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
